Question: help! thank you :) Problem 3-37 (Algorithmic) (LO. 3,7) Taylor, age 18, is claimed as a dependent by her parents. For 2021, she has the
Problem 3-37 (Algorithmic) (LO. 3,7) Taylor, age 18, is claimed as a dependent by her parents. For 2021, she has the following income: $4,000 wages from a summer job, $1,950 interest from a money market account, and $1,875 interest from City of Chicago bonds. If required, round your answers to the nearest dollar. If required, round your answers to the nearest dollar. If an amount is zero, enter "0". Click here to access the 2021 tax rate schedule. a. Taylor's standard deduction for 2021 is ${ Taylor's taxable income for 2021 is $ b. Compute Taylor's "net uneared income for the purpose of the kiddie tax. Compute Taylor's tax liability. (Her parents Nie a Joint return and have taxable income of $135,000 (no dividends or capital gains).]
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